{"id":57524,"date":"2022-02-10T19:22:24","date_gmt":"2022-02-10T17:22:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57524"},"modified":"2025-09-04T12:11:08","modified_gmt":"2025-09-04T09:11:08","slug":"opennode-raises-20m-in-series-a-at-a-220m-valuation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/opennode-raises-20m-in-series-a-at-a-220m-valuation\/","title":{"rendered":"OpenNode raises $20m in Series A at a $220m valuation"},"content":{"rendered":"<p>Los Angeles-based bitcoin processor OpenNode has closed a $20 million Series A round at a $220 million valuation. It was led by Kingsway Capital.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re thrilled to announce our $20M Series A funding round with an incredible group of investors. <\/p>\n<p>The round was led by Kingsway and includes <a href=\"https:\/\/twitter.com\/Twitter?ref_src=twsrc%5Etfw\">@Twitter<\/a>, <a href=\"https:\/\/twitter.com\/TimDraper?ref_src=twsrc%5Etfw\">@TimDraper<\/a>, <a href=\"https:\/\/twitter.com\/avonventures?ref_src=twsrc%5Etfw\">@avonventures<\/a> \u2014 a <a href=\"https:\/\/twitter.com\/Fidelity?ref_src=twsrc%5Etfw\">@fidelity<\/a> investments affiliate &#038; more<a href=\"https:\/\/t.co\/DvGtChhGvE\">https:\/\/t.co\/DvGtChhGvE<\/a><\/p>\n<p>\u2014 OpenNode \u26a1\ufe0f (@OpenNode) <a href=\"https:\/\/twitter.com\/OpenNode\/status\/1491457436703928323?ref_src=twsrc%5Etfw\">February 9, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Twitter, Tim Draper and the Fidelity Investments-backed Avon Ventures also participated in the round.<\/p>\n<p>The funds will be used to launch a digital wallet and an account-linked card. The firm will also expand its team.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe are seeing unprecedented demand for our services,\u201d said OpenNode\u2019s Head of Strategy Josh Held.<\/p>\n<\/blockquote>\n<p>According to the executive, the firm will soon surpass the milestone of processing 25,000 BTC in transactions since its inception.<\/p>\n<p>The processing supports Bitcoin payments both on-chain and via the <a href=\"https:\/\/forklog.com\/en\/news\/lightning-network-faster-cheaper-bitcoin-transactions\"> Lightning Network<\/a>.<\/p>\n<p>In November, NYDIG<a href=\"https:\/\/forklog.com\/en\/news\/nydig-confirms-acquisition-of-bottlepay-a-bitcoin-payments-service\"> acquired <\/a> the British bitcoin-payments service BottlePay.<\/p>\n<p>Follow ForkLog on the <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a> channel!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OpenNode closed a $20 million Series A round at a $220 million valuation.<\/p>\n","protected":false},"author":1,"featured_media":57525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1879,2292,1133],"class_list":["post-57524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-commerce","tag-opennode","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=57524"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57524\/revisions"}],"predecessor-version":[{"id":57526,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57524\/revisions\/57526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/57525"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=57524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=57524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=57524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}